Question

Which definition is correct for the term policy?

Group of answer choices

a type of illegal lottery in which bettors claim to be buying insurance against a public lottery

a form of insurance contract

a sequence of actions taken by an artificial intelligence in response to a sequence of states

the actions the government takes on behalf of the people

Flag question: Question 2
Question 21 pts
Policy making goes through a predictable sequence, from agenda setting through evaluating the results of a policy.

What is the name of this sequence?

Group of answer choices

public policy making

sequential policy

the policy cycle

the policy agenda

Flag question: Question 3
Question 31 pts
Which is the correct order for the steps of the policy cycle?

1. A problem is identified and moved to the government's to-do list.

2. The government puts a policy into effect and enforces the policy.

3. The government and the public review a policy and decide if it should be continued, altered, or cancelled.

4. the government selects a policy that it will use to address a problem.

Group of answer choices

1, 4, 2, 3

4, 2, 3, 1

2, 3, 1, 4

3, 1, 4, 2

Flag question: Question 4
Question 41 pts
Which is not a way a citizen can participate in policy-making decisions?

Group of answer choices

calling the citizen's Senator's office to express his or her opinion on a bill

signing a petition seeking more study before a dam is built on a river

reading the newspaper every day

traveling to Washington, D.C., to march with civil rights leaders

Flag question: Question 5
Question 51 pts
Which of the following defines the business cycle?

Group of answer choices

the preferred mode of transport for ecologically aware business owners

a system of managing the economy by increasing or decreasing the supply of money

a system of managing the economy by increasing or decreasing federal expenditures

a recurring cycle of booms and busts, recoveries and recessions

Flag question: Question 6
Question 61 pts
How might the Federal Reserve respond to an overheated economy or boom?

Group of answer choices

by buying bonds in the open market

by decreasing the discount rate

by selling bonds in the open market

by decreasing the reserve requirement

Flag question: Question 7
Question 71 pts
How might the Federal Reserve respond to a slowdown in the economy or recession?

Group of answer choices

by buying bonds in the open market

by increasing the discount rate

by selling bonds in the open market

by increasing the reserve requirement

Flag question: Question 8
Question 81 pts
What is a primary responsibility of the Federal Reserve System?

Group of answer choices

to make loans to individuals experiencing financial hardships

to ensure the federal government maintains a balanced budget

to moderate the impact of expansions and contractions in the economy

to ensure that consumers get the best prices on goods in the marketplace

Flag question: Question 9
Question 91 pts
What is the effect when the Federal Reserve increases interest rates?

Group of answer choices

The cost of taking out loans increases.

Consumers spend more in the economy.

The government receives a large increase in tax revenue.

Sudden inflation causes the prices of goods and services to go up.

Answer 1

1. the actions the government takes on behalf of the people

2. the policy cycle

3. 1, 4, 2, 3

4. reading the newspaper every day

5. a recurring cycle of booms and busts, recoveries and recessions

6. by selling bonds in the open market

7. by buying bonds in the open market

8. to moderate the impact of expansions and contractions in the economy

9. The cost of taking out loans increases.